U.S. May Tax French Goods; France Ready To Retaliate

U.S. May Tax French Goods; France Ready To Retaliate

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Business

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Hard

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France is preparing to retaliate against the U.S. due to proposed tariffs on $2.4 billion worth of French goods, including champagne and cheese. The conflict arises from France's new digital service tax, which imposes a 3% tax on revenues of large tech firms operating in France. The U.S. argues this tax discriminates against American companies like Facebook, Google, and Amazon. As Washington considers implementing tariffs, it also plans to investigate similar taxes in Austria, Italy, and Turkey.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential consequences of the proposed tariffs on French goods?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Which other EU countries are being considered for investigations regarding similar digital service taxes?

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